Bonduelle - Activity and profitability expected below target for 2021-2022 and fair value of the North America fresh business assets under review
July 11 2022 - 12:00PM
Bonduelle - Activity and profitability expected below target for
2021-2022 and fair value of the North America fresh business assets
under review
BONDUELLE
A French SCA (Partnership Limited by Shares)
with a capital of 57 102 699,50 EurosHead Office: La
Woestyne 59173 Renescure, FranceRegistered under
number: 447 250 044 (Dunkerque Commercial and Companies
Register)
Activity and profitability expected below
target for 2021-2022
and fair value of the
North America fresh business assets under review
The Bonduelle Group has indicated that,
considering the preliminary business indicators for the fourth
quarter of the 2021-2022 fiscal year, on the one hand, an
unprecedented wave of inflation affecting all cost components,
which became stronger over the period, on the other hand, and
lastly, given that the recovery of its fresh business in North
America has begun but is more difficult than expected, growth in
revenues and current operating margin should be below the
communicated guidances of respectively +3% and 3.6% on a
like-for-like basis* for the full year.
The difficulties encountered by the Bonduelle
Fresh Americas business unit lead the group to review its
medium-term profitability prospects, which may result in the
impairment of tangible and/or intangible assets and deferred tax
assets of this business.
* at constant currency exchange rate and scope of
consolidation basis.
Press Contacts
:
For Bonduelle
:Benjamin ZEHNDER - RP carrées -
Tel : +33 (0)6 76 41 18 19email:
benjamin.zehnder@becoming-group.comVanessa VAZZAZ
- RP carrées - Tel : +33 (0)6 34 32 24 23email:
vanessa.vazzaz@becoming-group.com
About
the Bonduelle Group
We want to inspire the
transition toward a plant-based diet, to contribute to people’s
well-being and planet health. We are a French family business with
11,900 employees and we have been innovating with our farming
partners since 1853. Our products are cultivated on 73,000 acres
and marketed in 100 countries.
Our 4 strong brands
are Bonduelle, Ready Pac Foods, Cassegrain and Globus
Bonduelle is listed on
Euronext compartment B
Euronext indices: CAC
MID & SMALL - CAC FOOD PRODUCERS - CAC ALL SHARESBonduelle is
part of the Gaïa non-financial performance index and employee
shareholder index (I.A.S.)Code ISIN : FR0000063935 - Code Reuters :
BOND.PA - Code Bloomberg : BON FP
Find out about the
group’s current events and news on Twitter @Bonduelle_Group, and
its financial news on @BonduelleCFO
- Bonduelle - 21-22 Guidance update - EN
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